Question
Runagrounds, Co. is a coffee manufacturer who uses process costing (weighted average method) to account for its production costs each period. The firm uses two
Runagrounds, Co. is a coffee manufacturer who uses process costing (weighted average method) to account for its production costs each period. The firm uses two departments in the production of its product Drying and Roasting. The following is information obtained for the Drying department for the month of October:
| Units and completion percentages Drying Department: | |||
|
Number of Physical units: | Percent Complete with respect to: | ||
Direct Materials | Conversion Costs | |||
Beginning WIP Inventory | 84,600 | 20% | 10% | |
Units Started during the period | 591,800 |
|
| |
Units Completed and transferred out to Roasting | 604,200 |
|
| |
Ending WIP Inventory | ????? | 95% | 80% | |
Calculate the Equivalent Units of Production (EUP) for Direct Materials for October for the Drying department.
Group of answer choices
642,580
541,120
676,400
672,790
661,960
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